Granite Master Issuer


RE: GRANITE MASTER ISSUER PLC
    USD 810,000,000.00
    MATURING: 20-Apr-2031
    ISSUE DATE: 24-May-2006
    ISIN: US38741YBQ17

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20-Apr-2007 TO 21-May-2007 HAS BEEN FIXED AT 5.330000 PCT

DAY BASIS 31/360

INTEREST PAYABLE VALUE 21-May-2007 WILL AMOUNT TO:
USD 188.69 PER USD 41,111.45 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855 OR FAX: 44 20 7508 3881
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